Lending Club Blog

Do You Have a Will?

While statistics regarding the number of Americans without a will tend to vary fairly widely, even the most conservative estimates put the number at around 50%. If you are one of those without a will, today’s discussion may persuade you to write one.

As you know, a will allows you to designate who will get your belongings and assets in the event of your death. Without a will, a court will decide how to divide your belongings. If you have a child, then a will is an absolute necessity. While some people might not care as much about what happens to their money when they die, they most certainly would care about what happens to their children. Your will allows you to name guardians for your children. Again, this is something you would certainly not want handled by the courts, without your input, after your death.

Just like with insurance, it’s the people least likely to need a will who actually need one the most. When a young, healthy person dies unexpectedly, the situation tends to be the most complicated. No one wants to think about dying young, but with a little planning, the process of writing a will is relatively straightforward.

Depending on your situation, you have various options for creating your will. The two most common are hiring a lawyer and using will preparation software. For basic wills, without many complicated circumstances, software may be adequate. I personally feel more comfortable using a lawyer for such an important matter, but only you can decide the right choice for your situation.

I think of a will in the same light as life insurance: I hope I never need them, but if I do, I’ll be glad I have them. You’ve worked hard during your life to earn your assets and care for your children, so you should be the one who decides what happens to them. We’re always advocating taking control of your financial situation here on the Lending Club blog. A will is your final method of control, and one that you should certainly considering using.

Tuesday, September 18th, 2007 at 6:48 am

Comments (0)


Welcome Home

Lending Club named #5 on Forbes’ Most Promising Companies List

Get ready for tax season with Lending Club’s Tax Form Guide

New Adjusted Return Metric

See more
Lending Club Awards
  • Archives z

Recent Posts

Welcome Arkansas, Iowa, and Oklahoma Investors!

We recently welcomed residents of Arkansas, Iowa, and Oklahoma… Read More »
July 14, 2015

Renaud Talks Marketplace Lending on Jo Ann Barefoot’s Podcast

This week, CEO Renaud Laplanche… Read More »
June 24, 2015

Lending Club Teams Up with Sam’s Club to Deliver Small Business Financing

Read More »
June 8, 2015

New Lending Club TV Commercial Makes its Debut!

Last week we began testing a new TV commercial showcasing… Read More »
May 26, 2015

Lending Club Honored with Entrepreneurial Company of the Year Award from Harvard Business School Association of Northern California

Read More »
May 15, 2015

Renaud Talks to Jim Cramer

A few months ago, Jim Cramer remarked that he… Read More »
April 15, 2015

Lending Club 2 – Back in the Race

We’re excited to see Renaud back at the helm!… Read More »
March 26, 2015

Lending Club Store’s Grand Opening

We were thrilled at the support we received from… Read More »
March 20, 2015

LendIt is just one month away!

Congratulations to the LendIt team, who rang the opening… Read More »
March 13, 2015

Nearing Retirement – How an IRA Can Help

An Individual Retirement Account (IRA) can help you prep… Read More »
February 25, 2015


We went public today!

Ringing the bell this morning at the New York… Read More »
December 11, 2014

New and Improved Statistics Page

We recently redesigned our Loan Statistics page to make… Read More »
November 13, 2014

Lending Club Honored with Economist Innovation Award

This month I was honored… Read More »
October 15, 2014

Welcome Vermont Investors!

Today, we’re thrilled to welcome residents of the state… Read More »
September 4, 2014

We filed to go public today

We filed a registration statement with the SEC today… Read More »
August 27, 2014

Our Billion Dollar Quarter

We’re excited to announce  that we’ve facilitated over $5… Read More »
July 8, 2014

Is Lending Club Available in My State?

Is Lending Club available in my state? That is… Read More »
July 7, 2014

Lending Club Joins Senator Cory Booker to Discuss Improving Access to Capital for Small Businesses

Read More »
June 20, 2014

Lending Club Named a CNBC Top 50 Disruptor for a Second Year

For the second year in… Read More »
June 17, 2014

PRIME is now Automated Investing

Lending Club is excited to announce that PRIME has… Read More »
May 14, 2014
View All w